— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News “The aim of the e-residency program is to bring new e-residents to Estonia who consume Estonia’s e-services and, among other things, also conduct their legal business. The purpose of the anti-money laundering rules is to prevent the exploitation of the Estonian…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News People are spending and raising tons of cash from casinos, betting companies and real estate –and that quantified in tax terms should make government happy but it isn’t. Why? Because most money earned from criminal activities is being washed or laundered…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News VANCOUVER—Police have called Bitcoin ATMs “an ideal money-laundering vehicle,” and Vancouver’s mayor has even suggested a ban, but experts and businesses say federal regulation is what’s really needed to rein in a currently unregulated sector. Unlike other money-service businesses such as…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News BATON ROUGE, La. (WAFB) – John Paul Funes, the former president of the Our Lady of the Lake Foundation, was officially charged with wire fraud and money laundering, according to a June 4 news release from the Department of Justice (DOJ).…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News An intricate affair of fraud, corruption, and money laundering by senior Palestinian Authority (PA) officials who transferred the funds to Hamas terrorists training in Malaysia has been exposed, TPS reports. Official PA documents obtained by TPS show that Mahmoud Al-Habash, Supreme…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Police have charged a 43-year-old man with money laundering as part of an investigation into individuals suspected of acting as “money mules”. Money mules are people who transfer money acquired illegally on behalf of someone else. The money can be transferred…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Trouble is mounting for audit firms as the Enforcement Directorate (ED) issued summons to senior executives of Deloitte Haskins and Sells in connection with an ongoing money laundering probe against Infrastructure Leasing & Financial Services (IL&FS). According to enforcement sleuths, audit…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News To prevent criminal misuse of these businesses, it is necessary to understand money-laundering risks facing them and develop responses that reflect their non-face-to-face nature and cross-border customer base. This invitation-only workshop is convened by RUSI to advance the understanding of effective…
Luxury jewellery, designer fashion and perfume worth a combined £16m were bought from Harrods by a woman who has been hit with the UK’s first unexplained wealth order. Zamira Hajiyeva blew £600,000 in a single day at the London department store as part of a decade-long spending spree there, splashing out £30,000 on chocolates in one afternoon. The 55-year-old spent…
While it has all the hallmarks of transnational organised crime, the illegal wildlife trade continues to be viewed as being outside ‘mainstream crime’. Frequently linked to other forms of serious crime such as fraud, corruption and money laundering, the illegal wildlife trade generates an estimated US$20 billion annually and is the fourth most profitable criminal trafficking enterprise…
